Keith ‘RoaringKitty’ Gill Could Reach Billionaire States if $GME Rises to $67

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As an analyst with a background in financial markets and experience in following meme stocks and retail investor behavior, I find Keith Gill’s story incredibly intriguing. The potential for him to become a billionaire through his bet on GameStop (GME) is not only a testament to the power of social media and community investing but also a reminder of the volatility and unpredictability of the stock market.

Keith Gill, alias RoaringKitty on X and DFV on Reddit, stands to amass a fortune worth a billion dollars should the value of GameStop (GME) shares reach $67.5, due to his substantial investment.

As a researcher studying recent financial markets trends, I’ve come across an intriguing development: according to the Kobeissi Letter’s latest report, during Thursday’s after-hours trading session, GameStop (GME) stock soared impressively up to $67.5. Given Gill’s considerable holdings encompassing both shares and options, if the market had opened with a share value of that amount, his position would have been worth an astounding over one billion dollars.

According to the provided information, if GameStop (GME) stocks were to open at a price above $67.5, the value of his shareholding would amount to approximately $325 million. Simultaneously, his options would be worth around $700 million. The total value from both the shares and options would result in a net worth exceeding one billion dollars, granting him an impressive gain of over $850 million on this particular investment.

Exciting news: “Roaring Kitty” is on track to becoming a billionaire as GameStop’s stock price, $GME, soars in after-hours trading to reach $67.50 per share.Should the stock maintain this value or rise even higher when markets open tomorrow, his shares would be valued at approximately $325 million, while his options are estimated to be worth around $700 million. In total, this equates to a potential net worth of over $1 billion.— The Kobeissi Letter (@KobeissiLetter) June 6, 2024

I analyzed the trading session and observed that the price of GME took a significant dip, currently hovering around $37 per share. Notably, data reveals that Gill’s massive position experienced an impressive surge of approximately $78 million during one day alone.

On Reddit, the user RoaringKitty disclosed that he holds approximately 5 million shares of GameStop (GME) and 120,000 call options with a strike price of $20. He has gradually acquired these assets over an extended period.

Notable is the fact that the meme stock trading craze gained momentum following RoaringKitty’s reemergence on social media after a three-year absence, which occurred post-his Congressional testimony.

As a researcher, I’ve analyzed RoaringKitty’s most recent disclosures on Reddit and calculated that the estimated value of his portfolio currently stands at approximately $586 million.

Roaring Kitty just posted a portfolio update.

Our estimate was off by $1M!

He is now worth $586M.

— Quiver Quantitative (@QuiverQuant) June 6, 2024

AMC Entertainment (NYSE: AMC), the well-known movie theater company, and some less prominent cryptocurrencies related to Roaring Kitty and GameStop witnessed notable surges in value.

As a crypto investor, I can tell you that I’m reassured by Robinhood CEO Vlad Tenev’s recent assurance to investors during his interview on Fox Business. He highlighted the platform’s readiness for the upcoming GameStop frenzy, emphasizing the substantial infrastructure improvements made specifically to manage market volatility more effectively.

According to a report by The Wall Street Journal, it appears that the trading platform, specifically E\*Trade, is contemplating taking action against the trader for suspected stock manipulation.

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2024-06-07 18:56